#weekly_review
Jun 19 - Jul 25
CRYPTOS RECOVER AS ELON MUSK CONSIDERS BITCOIN PAYMENTS
Key events:
Bitcoin Slips
Bitcoin recovered from its lowest trading levels in nearly a month as Elon Musk gave some much needed support to the top cryptocurrency during a Bitcoin conference this week.
COVID-19 fears
The market went into extreme risk-off trading mode earlier this week as fears over the new COVID-19 Delta variant caused global equity markets and risker asset classes to move sharply lower.
ECB Change
The euro currency remained volatile on the foreign exchange market this week due a change in the European Central Bank’s policy guidance and the release of eurozone PMI data.
Aussie drops
The Australian dollar suffered heavily losses against a broad basket of currencies this week as the Australian government announced new lockdown measures in a number of major cities.
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